PCI DSS Compliance

Understanding PCI DSS Compliance
The Payment Card Industry (PCI) Data Security Standa
rd (DSS) is a worldwide information security standard defined by the Payment Card Industry Security Standards Council. The standard itself was created to assist payment card industry organizations that process card payments, and to prevent credit card fraud through increased monitoring of data and its overall exposure to compromise. The standard itself applies to every organization that holds, processes, or exchanges cardholder information from any card branded with the logo of one of the card brands. This standard is a reality and it can impact your business in a major way.

PCI DSS and You
PCI DSS Security Standards and Measures were set in place by the card issuing associations in order to protect cardholder information. They were also set in place to help prevent security issues such as credit card fraud, hacking, and many other serious issues that can arise.  The PCI standards primarily focus on the encryption, storage, and transfer of this sensitive data while in a merchant’s possession.  If your business experiences a breach of card holder data while not compliant with these standards, you may be fined by the associations up to $500,000 for the initial investigation as well as a fee per record that is compromised. The damage to your business’s reputation due to loss of consumer confidence cannot be assessed but it will be great. Let’s face it you don’t want to risk that kind of damage, and destruction to your reputable business.

PCI Compliance: It’s not just for larger merchants
All merchants, regardless of size, must comply with the PCI DSS. Depending on the type of business and how many transactions are processed, level 1-3 merchants (annual Point Of Sale (POS) transactions over 1 million) may have some additional requirements, but level 4 merchants (annual POS transactions under 1 million) are actually the most targeted by hackers and thieves. Additionally, recent data shows that 80% of payment card compromises since 2005 affected Level 4 merchants.  The penalties and fines are excessive depending on the amount of information that is compromised and have put some merchants completely out of business. 

14 replies
  1. ps4 games
    ps4 games says:

    I think this is one of the most significant information for me.

    And i am glad reading your article. But should remark on some
    general things, The site style is ideal, the articles is
    really nice : D. Good job, cheers

  2. ps4 games
    ps4 games says:

    Hmm is anyone else having problems with the pictures on this blog loading?

    I’m trying to find out if its a problem on my end or if it’s the blog.
    Any responses would be greatly appreciated.

  3. quest bars cheap
    quest bars cheap says:

    Having read this I believed it was rather enlightening. I appreciate you taking the time and energy
    to put this short article together. I once again find myself personally spending a lot of time both reading and posting comments.
    But so what, it was still worthwhile!

  4. ps4 games
    ps4 games says:

    Generally I do not learn post on blogs, but I wish to say that this write-up very pressured me to try and do so!
    Your writing style has been surprised me. Thank you, quite great

  5. ps4 games
    ps4 games says:

    My brother suggested I might like this blog. He was entirely right.
    This publish truly made my day. You can not consider just how much time
    I had spent for this information! Thanks!

  6. ps4 games
    ps4 games says:

    Thanks for your marvelous posting! I definitely enjoyed reading it, you can be a great author.

    I will remember to bookmark your blog and will eventually come back later on. I want to encourage
    continue your great work, have a nice weekend!

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.